Phillips 66 (NYSE:PSX) shares, rose in value, with the stock price up by 0.04% to the previous day’s close as strong demand from buyers drove the stock to $170.75.
Actively observing the price movement in the last trading, the stock closed the session at $170.68. The value of beta (5-year monthly) was 1.36 whereas the PE ratio was 11.05 over 12-month period. Referring to stock’s 52-week performance, its high was $173.74, and the low was $89.74. On the whole, PSX has fluctuated by 16.34% over the past month.
With the market capitalization of Phillips 66 currently standing at about $73.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2024. The company’s Forward Dividend Ratio is 4.20, with its dividend yield at 2.46%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.61, which is expected to increase to $6.12 for fiscal year $14.02 and then to about $14.37 by fiscal year 2025. Data indicates that the EPS growth is expected to be -11.30% in 2025, while the next year’s EPS growth is forecast to be 2.50%.
Analysts have estimated the company’s revenue for the quarter at $33.94 billion, with a low estimate of $26.83 billion and a high estimate of $37.97 billion. According to the average forecast, sales growth in current quarter could jump down -3.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $139.68 billion, representing a decrease of -6.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that PSX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PSX currently trading nearly 7.77% and 13.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.00, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 2.18%. Furthermore, Phillips 66 (PSX)’s beta value is 1.37, and its average true range (ATR) is 3.57.
A comparison of Phillips 66 (PSX) with its peers suggests the former has fared considerably weaker in the market. PSX showed an intraday change of 0.04% in last session, and over the past year, it grew by 73.74%%.
Data on historical trading for Phillips 66 (NYSE:PSX) indicates that the trading volumes over the past 10 days have averaged 2.58 million and over the past 3 months, they’ve averaged 3.17 million. According to company’s latest data on outstanding shares, there are 430.46 million shares outstanding.
Nearly 0.21% of Phillips 66’s shares belong to company insiders and institutional investors own 77.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.71 million shares as on Mar 15, 2024, resulting in a short ratio of 2.66. According to the data, the short interest in Phillips 66 (PSX) stood at 2.04% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.3 million. The stock has risen by 28.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSX stock heading into the next quarter.
